#stock-ownership

#stock-ownership

Musk faces SEC lawsuit for failing to timely disclose Twitter stock ownership, allegedly costing him $150 million in underselling.

The SEC's investigation into Musk's Twitter acquisition raises significant legal implications for disclosure compliance.

Elon Musk is being sued by the SEC for failing to disclose his Twitter stock ownership in a timely manner.

The lawsuit claims Musk acquired shares at artificially low prices, affecting other shareholders negatively.

The SEC is accusing Elon Musk of underpaying for Twitter due to improper reporting of his ownership stake.